A function of a business plan is to
A. improve the balance sheet and enhance net worth.
B. create a long-term relationship with an investment banking firm.
C. raise capital through federally registered shares of the company.
D. improve credibility with customers and other stakeholders.
E. determine the viability of one's enterprise.
Answer: E
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Which one of the following would not be included in a closing entry?
A. A credit to Rent Expense B. A debit to Service Revenue C. A debit to Unearned Revenue D. A credit to Dividends
Site preparation costs include all of the following except
a. crane used to install equipment b. freight charges c. supplies d. reinforcement of the building floor
Discounting is the process by which interest on an investment accumulates, and then earns interest itself for the remainder of the investment period
Indicate whether the statement is true or false
Assume you put $2,000 into a tax-free investment and leave it there for 45 years at an annual rate of 8%. According to the Rule of 72, your investment will grow to a value of about $64,000
Indicate whether the statement is true or false.